Contract — Pages 3–4: Due Diligence & Repair Request

📖 2 min read

Section 4 of the Buyer Contract Training course. This lesson walks through pages 3–4 — due diligence & repair request. Open the RPA PDF below and follow every line reference as you read.

Due Diligence Period

• Line 30: make sure checked. Line 28: suggested 10 days; 15 days for Multi-Family.
• If utilities are not on, get an extension from the date utilities are turned on.
• Place expiration date in Google Calendar 2 days prior AND day of — reminders for you and your client.

Extending or Cancelling

• Buyer must extend if there is an issue, waive, or cancel by Due Diligence expiration. (Line 8 Page 4)

Inspections

• The NON WAIVED / NA items are the main inspections you will use; all others based on the property.
• This is who, per contract, PAYS for them — but Buyer can get any and all inspections they wish during the Due Diligence period.
• This is a big one to coach your client on — Lines 31–38.

Repair Request

• Only request items that materially affect value or the ability to get a loan: HVAC, Plumbing, Code Violations, Roof, Electrical. Everything else is from viewing and AS-IS. (Lines 31–38)
• They can always ask for more, but if you coach them on this, your offer, transaction, and experience will be better.
• Must be before the end of Due Diligence — otherwise waive or cancel if no agreement.
• Google Calendar reminders 2 days prior AND day of.